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Property profile & analytics
FOR SALE
Retail properties & Spaces
12574 County Road 87 Elberta, AL 36530
Entity Owned
11-yr Hold
Free & Clear
Property ID
US03-0238947
For Sale
1 / 17
$2,480,000
12574 County Road 87, Elberta, AL 36530
View Listing →
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
2015
Total area
3,096 SF
Lot
39 ac (1,698,840 SF)
APN
53-08-28-0-000-004.002
UPID
US03-0238947
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$566k
Blend (final)
Blend
$580k
Owner & transaction history
Kettelson INC · 11 yrs held
Kettelson INC
since 2014
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$605,000
+48.8%
Office building
$560,000
+38.2%
Retail stores
$520,000
+27.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Elberta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elberta submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING)
$405,000
Current use
MEDICAL BUILDING
$605,000
Change: +49% · Conversion: Difficult
OFFICE BUILDING
$560,000
Change: +38% · Conversion: Difficult
RETAIL STORES
$520,000
Change: +28% · Conversion: Difficult
COMMERCIAL (GENERAL)
$510,000
Change: +25% · Conversion: Difficult
Blend value · Realmo final
$580k
Range $522k – $638k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$187 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$2,416
Tax year 2023
Assessed value
$86,300
Assessed 2023
Previous assessed
$86,300
+0.0% YoY
Effective rate
2.80%
On assessed value
Assessed land
$30,640
Assessed improvement
$55,660
Land market value
$220,090
Improvement market value
$399,810
Total market value
$619,900
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
For Sale
Year built
2015
Heating
NONE
Cooling
YES
Buildings
3
Stories
1
Bathrooms
1
Total area
3,096 SF
Lot
39 ac (1,698,840 SF)
APN
53-08-28-0-000-004.002
UPID
US03-0238947
Jurisdiction
BALDWIN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
Est. value
$405,000
MEDICAL BUILDING
Est. value
$605,000
OFFICE BUILDING
Est. value
$560,000
RETAIL STORES
Est. value
$520,000
COMMERCIAL (GENERAL)
Est. value
$510,000
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2015
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Bathrooms
1
Lot
39 ac
Current owner
From public records · entity-resolved
Kettelson INC
Entity
Free & Clear · 11 yrs held
Mailing address
PO BOX 1899, ORANGE BEACH, AL 36561-1899
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 11, 2014
$70,000
Kettelson INC
Melvin,thomas & Polly
Grant Deed
—
Jun 14, 2011
$95,000
Thomas Melvin
Se Property Holdings LLC
Warranty Deed
—
May 4, 2011
$106,500
Se Property Holdings LLC
Vision Bk
Quit Claim Deed
related
—
Jan 14, 2010
$250,000
Vision Bk
Auctioneer Of Baldwin County
Trustees Deed
related
—
—
—
Kettelson INC
—
Deed Of Trust
related
$500,000 · Hancock Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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